Bitcoin Is a Clear Winner of the U.S. Banking Crisis – Cryptonium

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Bitcoin Is a Clear Winner of the U.S. Banking Crisis

The narrative around bitcoin changed dramatically on March 10 when Silicon Valley Bank (SVB) failed. SVB was a major institution in the cryptocurrency space, providing services to many of the largest and most influential players in the industry. As news of their failure spread, it created uncertainty about what would happen next for cryptocurrencies and how it might affect prices.

However, rather than take a dip as some had feared, bitcoin’s price actually surged following SVB’s collapse. Between March 10th and 13th alone its value jumped from $19,600 to over $26k – an incredible 33% increase! This remarkable surge could be attributed largely to investors feeling more secure that crypto assets were resilient enough to survive even such a major disruption as this one without taking too much damage.

What we are seeing now is further proof that Bitcoin has staying power despite any short-term turbulence or market disruptions caused by external events like this one with Silicon Valley Bank failing going forward into  & beyond! Investors have become increasingly confident that Bitcoin remains an attractive long-term asset class due its decentralized nature which makes them less vulnerable than traditional financial institutions like banks or other centralized entities who may not be able withstand shockwaves from similar events happening again anytime soon if at all ever again..

Cryptonium Editors